Northwestern Mutual Wealth Management Co. Buys 99,003 Shares of Agree Realty Corporation $ADC

Northwestern Mutual Wealth Management Co. boosted its stake in Agree Realty Corporation (NYSE:ADC) by 6,172.3% during the 4th quarter, HoldingsChannel reports. The fund owned 100,607 shares of the real estate investment trust’s stock after acquiring an additional 99,003 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Agree Realty were worth $6,926,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its position in Agree Realty by 2.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,946 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 154 shares in the last quarter. AE Wealth Management LLC lifted its position in Agree Realty by 3.5% in the 3rd quarter. AE Wealth Management LLC now owns 4,653 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 156 shares in the last quarter. IFP Advisors Inc lifted its position in Agree Realty by 18.2% in the 3rd quarter. IFP Advisors Inc now owns 1,111 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 171 shares in the last quarter. QRG Capital Management Inc. lifted its position in Agree Realty by 5.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,395 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 174 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in Agree Realty by 5.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 174 shares in the last quarter. 97.83% of the stock is owned by institutional investors.

Agree Realty Trading Down 0.3%

Shares of NYSE:ADC opened at $75.42 on Friday. The company’s 50-day moving average price is $76.78 and its two-hundred day moving average price is $75.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. Agree Realty Corporation has a one year low of $69.56 and a one year high of $82.08. The stock has a market capitalization of $9.06 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 2.55 and a beta of 0.50.

Agree Realty (NYSE:ADC) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $211.49 million for the quarter, compared to analysts’ expectations of $195.73 million. Agree Realty had a net margin of 29.25% and a return on equity of 3.95%. Agree Realty’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Agree Realty has set its FY 2026 guidance at 4.540-4.580 EPS. On average, equities analysts forecast that Agree Realty Corporation will post 4.44 EPS for the current fiscal year.

Agree Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $0.267 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 29th. Agree Realty’s dividend payout ratio is presently 172.97%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADC. BMO Capital Markets cut shares of Agree Realty from an “outperform” rating to a “market perform” rating and set a $86.00 price target on the stock. in a research report on Friday, April 17th. Citigroup boosted their price target on shares of Agree Realty from $77.00 to $82.50 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Agree Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Raymond James Financial boosted their price target on shares of Agree Realty from $84.00 to $90.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 17th. Finally, UBS Group boosted their price target on shares of Agree Realty from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.79.

Insider Transactions at Agree Realty

In other news, Director Greg Lehmkuhl bought 750 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $75.09 per share, with a total value of $56,317.50. Following the acquisition, the director owned 34,465 shares in the company, valued at $2,587,976.85. This trade represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joey Agree bought 13,295 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $75.41 per share, for a total transaction of $1,002,575.95. Following the completion of the acquisition, the chief executive officer owned 675,105 shares in the company, valued at $50,909,668.05. This trade represents a 2.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 14,191 shares of company stock worth $1,069,944. 1.80% of the stock is owned by insiders.

About Agree Realty

Agree Realty Corporation (NYSE: ADC) is a publicly traded real estate investment trust headquartered in Chicago, Illinois. Founded in 1971, the company converted to a REIT structure in 2013 and focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases. Its tenant roster spans national and regional retailers in sectors such as grocery, home improvement, convenience and specialty retail.

Agree Realty’s primary business activities include sourcing and underwriting new property acquisitions, originating build-to-suit projects and executing value-add redevelopment programs.